What to Expect From Volatile Asian Markets

6/25/2013 6:29AM

Chinese shares dipped to their lowest level since December 2008 before bouncing back later Tuesday. Olivier d’Assier of Axioma tells the WSJ’s Isabella Steger what investors should expect from other Asian markets.

This transcript has been automatically generated and may not be 100% accurate.

... the ... very vault I'll session on she's a mock its all Asia especially China ... I'm Isabella say you're watching Asia today ... I'm joined by live aid SCA on Asia President axiom in Singapore spoke about ... just what happened in the markets in Asia ... so ONTAP tummy little bit of what we just had the PBOC literally minutes ago ... saying that they can to manage for the volatility that we've been seeing in the interbank lending market that's really because a lot of the volatility of the past few sessions in Asia ... aam twenty make of the PBOC East latest statements that they may or may not be doing something ... is it has been very much of no domestically traded and the banking sector has been ... been ground zero of of of the volatility of sight so ... obviously in India ... statement from the year she's going to move the market and is in today and up and that the statement was positive for the market was we're going to do something ... two days ago is we're going to do nothing in the markets from the upbeat sentiment ... it's a it's a continuation of the pct of the environment since ... two thousand and nine aware that the two dominant players in almost every market has been of regulators and central bankers ... in the market seemed to move to those in its ... I was ... here personally ... he thinks that the PSC should be doing something about this ... although the new government took the ... opposite of solace be quite clear about what they wanted to do some of it was before me of the ... the economy so that it's more domestically driven ... but also raining all those kinds of ... access is ... both strong ... politician excesses as well as in the banking sector ... especially with this ... shadow banking system that Noah ... it's it's it's very hard and in China anybody says the ... lock up the ... extra detail the banking situation in China ... it's incredible because there's so much that's all the books and come ... up ... the settlement system ... and the central bank's twenty oh ... rain on this money liquidity standards that has plenty of liquidity available to write about that ... this is the getting to the right place to protect basis small companies want to innovate so often ... expand their business can get loans they have to get in showrooms this ... when the central bank is trying to do is ... still an excellent got to stop letting it in the dark stuff ... the army start lending to ... the productive side of the economy that's going to help us so spurring the economy into a ... domestic the ... consumer led a ... pretty rose rather than the next four months ... or so so what they're doing is necessary and he's done that and ... my guess would be that ... is they do anything at all in the very select ... Cameron HSIC chef Tom I focus away Southeast Asia for little that out we saw a dramatic turnaround today and ... the Chinese and Australian markets for example ... of the Southeast Asia continued its routes of the Philippines losing all of its gains for two thousand and thirteen ... what's going on that Why investors pulling money so quickly added those markets I mean this is the Philippines Thailand Indonesia which we've seen that suffered huge losses in the past two sessions ... Southeast Asia ministers sit squarely into the emerging market to ... songs and those ... funds which twelve bucks even three yet over the past couple of years and now that so ... he's he's gonna come to an end ... people are going to pull some of that money out there suffering from outflows ... from of Global managers have ... someone to reduce their emerging market exposure ... remember if you're if you're sitting in your city of managing emerging markets on Monday in Asia it's in there and Latin America and everything else that exceeds its use your ... exposure to your clients are fully funds out of your emerging market funds you have to sell well ... and that affects all of its markets ... an oven that is seen as a correction and the Psalms have Asian markets but somehow myCFO aam recipe here we seen them pretty much darlings much Professor months of the UT think investors can go back into those markets ... we always stability will we will we see when you get the region's middle as far as most is that ... some countries are clear hot spots ... like Japan China and Australia and mostly for domestic issues and their investors are ... are ... clearly worried about the domestic ... economy ... in Asia for Apple ... there are aam ... diversification spots to view that by having exposures in Malaysia and ... Thailand each of its fundamentals there are still here ... and the volatility in these markets is still nowhere near the peak levels with us ... if you get to Japan Australia ... and China ... the politics he said the peak of the last six months in every single sec ... she added we sell about some Asian markets its clothes SogoTrade related to see how the US in those markets ... that was a live aid SCA I he's he's a cousin FXCM updates in Singapore ... I miss the bus and then you're watching a shift ...